Schlumberger CEO's $4.67 Million Sale

Paal Kibsgaard exercised options and sold shares of the energy-services firm.

Shares of Schlumberger remain range-bound since touching a high in February and two insiders including the chief executive exercised options and sold off some shares recently.

On May 16, CEO Paal Kibsgaard exercised options and sold 61,681 shares for $4,674,186, an average of $75.78 each. Kibsgaard now directly holds 40,000 shares, a stake of less than 1% of the oilfield-services firm, and 40,000 shares through his spouse.